Purchase Originations
144
Median Total Costs
$4,163
−37.7% vs national ($6,680)
↓ $1,951 vs prior year
Median Rate
6.450%
−0.6% vs national (6.490%)
↓ 0.112% vs prior year
Median Origination
$1,308
Median Lender Credits
$1,000
Denial Rate
2.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 142 | 6.470% | $4,148 | $1,367 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| North Dakota | 103 | 6.450% | $3,725 | #15 |
| Minnesota | 31 | 6.375% | $4,755 | — |
| Arizona | 4 | 6.688% | $9,095 | — |
| Colorado | 1 | 7.250% | $3,892 | — |
| Georgia | 1 | 6.990% | $4,498 | — |
| South Carolina | 1 | 6.500% | $5,528 | — |
| Tennessee | 1 | 6.375% | $13,468 | — |
| Texas | 1 | 5.500% | $6,768 | — |
| Wisconsin | 1 | 5.375% | $2,730 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,423 | 5.787% | — | 2 | −$740 | |
| 2 | $3,457 | 6.500% | — | 5 | −$706 | |
| 3 | $3,542 | 5.950% | — | 11 | −$621 | |
| 4 | $3,616 | 6.062% | — | 32 | −$547 | |
| 5 | $3,892 | 7.250% | — | 1 | −$271 | |
| 6 | $4,018 | 6.525% | — | 24 | −$145 | |
| 7 | $4,040 | 6.350% | — | 2 | −$123 | |
| 8 | $4,109 | 6.412% | — | 6 | −$54 | |
| 9 | $4,304 | 6.000% | — | 13 | +$141 | |
| 10 | $4,672 | 6.250% | — | 3 | +$509 | |
| 11 | $5,129 | 6.875% | — | 2 | +$966 | |
| 12 | $5,227 | 6.500% | — | 3 | +$1,064 | |
| 13 | $5,451 | 6.737% | — | 2 | +$1,288 | |
| 14 | $5,996 | 6.750% | — | 5 | +$1,833 | |
| 15 | $7,193 | 7.000% | — | 3 | +$3,030 | |
| 16 | $7,967 | 6.125% | — | 4 | +$3,804 | |
| 17 | $8,311 | 6.625% | — | 3 | +$4,148 | |
| 18 | $9,026 | 6.688% | — | 2 | +$4,863 | |
| 19 | $9,620 | 6.500% | — | 2 | +$5,457 | |
| 20 | $13,084 | 6.438% | — | 2 | +$8,921 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Choice Financial Group | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $285,000 | $335,000 | −$50,000 (−14.9%) |
| Median total closing costs | $4,163 | $7,127 | −$2,964 (−41.6%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.